Tax Adjudicated Auctions

An adjudicated property auction is the sale of property, which tax sale title has been acquired by a political subdivision pursuant to R.S. 47:2196.  Pursuant to La. R.S. 47:2207, a purchaser of adjudicated property is acquiring full ownership of the property.

Pursuant to La. R.S. 47:2203; 2206; or 2236, all tax sale parties are notified, and the auction is advertised to the public through publication in the official journal of the political subdivision. See. La. R.S. 43:203.
 
Pursuant to La. R.S. 47:2196, when a property is offered at tax title sale fails to receive a bid, which satisfies the existing delinquent amount due, tax title to the property is adjudicated to the political subdivision. The political subdivision may thereafter sell adjudicated property, pursuant to La. R.S. 47:2201. Furthermore, the adjudicated properties listed for sale were adjudicated to the political subdivision greater than three years ago, and therefore no right of redemption exists in favor of the property owner. See: Article VII, Section 25(B) of the Louisiana Constitution. 

Pursuant to La. R.S. 47:2203B.(1), whenever any person desires to initiate the public sale of adjudicated property and the political subdivision desires to sell, the person shall deposit an amount determined by the political subdivision to be sufficient to cover the expenses of the sale, including advertising, appraisals, and other costs associated with the sale. All auctions of adjudicated properties listed on CivicSource.com commence upon the placement of a deposit upon properties by interested investor(s). 

Once a deposit is placed on listed property, the property undergoes the statutory pre-sale process prescribed by La. R.S. 47:2202-06 and is thereafter auctioned.  Louisiana law stipulates that the adjudicated property is sold at auction to the highest bidder. See: La. R.S. 47:2202.  The adjudicated property purchase(s) results in the purchaser acquiring full ownership to the property pursuant to La. R.S. 47:2207.
 
NOLA Title is Louisiana's tax title authority and the only licensed title company authorized to write title insurance on tax adjudicated properties.  Contact us to learn more about purchasing adjudicated properties with title insurance or click the links below for more information.